Ieq Capital LLC Invests $823,000 in RPM International Inc. $RPM

Ieq Capital LLC purchased a new stake in RPM International Inc. (NYSE:RPM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,404 shares of the specialty chemicals company’s stock, valued at approximately $823,000.

Other institutional investors have also made changes to their positions in the company. Segall Bryant & Hamill LLC bought a new position in RPM International during the 1st quarter worth $6,963,000. Horizon Investments LLC bought a new stake in shares of RPM International during the 4th quarter valued at $1,373,000. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of RPM International during the 4th quarter worth $54,307,000. Plato Investment Management Ltd acquired a new stake in shares of RPM International during the 2nd quarter worth $3,410,000. Finally, Commerzbank Aktiengesellschaft FI bought a new position in shares of RPM International in the second quarter worth $1,653,000. 80.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RPM has been the subject of a number of analyst reports. Morgan Stanley dropped their price target on RPM International from $121.00 to $117.00 and set an “equal weight” rating for the company in a research note on Thursday, July 23rd. Royal Bank Of Canada raised their target price on shares of RPM International from $126.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Wall Street Zen cut shares of RPM International from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Citigroup upped their price target on shares of RPM International from $125.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Finally, Bank of America increased their price target on shares of RPM International from $129.00 to $130.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $126.00.

RPM International Price Performance

Shares of RPM stock opened at $105.55 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.68 and a debt-to-equity ratio of 0.64. The company has a market cap of $13.47 billion, a P/E ratio of 20.46, a P/E/G ratio of 2.18 and a beta of 1.04. RPM International Inc. has a twelve month low of $92.92 and a twelve month high of $128.51. The business has a fifty day simple moving average of $109.14 and a 200 day simple moving average of $106.50.

RPM International (NYSE:RPM) last posted its earnings results on Wednesday, July 22nd. The specialty chemicals company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.06. RPM International had a net margin of 8.41% and a return on equity of 22.45%. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the prior year, the business earned $1.72 earnings per share. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, sell-side analysts forecast that RPM International Inc. will post 6 EPS for the current fiscal year.

RPM International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 14th were paid a $0.54 dividend. The ex-dividend date of this dividend was Tuesday, July 14th. This represents a $2.16 annualized dividend and a yield of 2.0%. RPM International’s dividend payout ratio is presently 41.86%.

About RPM International

RPM International Inc is a global holding company whose subsidiaries specialize in the manufacture and marketing of high-performance coatings, sealants, building materials, and specialty chemicals. Through its two principal operating segments—Performance Coatings and Industrial Coatings—RPM serves a diverse range of end markets, including construction, consumer products, industrial maintenance, and specialty applications.

The company’s Performance Coatings segment offers a broad portfolio of architectural coatings, waterproofing systems, and specialty building products used by contractors, builders, and homeowners.